Construction spending - 10:10AM

Full report here JUNE 2009 CONSTRUCTION AT $965.7 BILLION ANNUAL RATE The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2009 was estimated at a seasonally adjusted annual rate of $965.7 billion, 0.3 percent (±1.4%)* above the revised May estimate of $963.2 billion. The June figure is 10.2 percent (±1.8%) below the June 2008 estimate of $1,075.6 billion. During the first 6 months of this year, construction spending amounted to $455.6 billion, 11.4 percent (±1.3%) below the $514.4 billion for the same period in 2008. PRIVATE CONSTRUCTION Spending on private construction was at a seasonally adjusted annual rate of $643.9 billion, 0.1 percent (±1.1%)* below the revised May estimate of $644.8 billion. Residential construction was at a seasonally adjusted annual rate of $246.1 billion in June, 0.5 percent (±1.3%)* above the revised May estimate of $244.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $397.9 billion in June, 0.5 percent (±1.1%)* below the revised May estimate of $400.0 billion. PUBLIC CONSTRUCTION In June, the estimated seasonally adjusted annual rate of public construction spending was $321.7 billion, 1.0 percent (±2.4%)* above the revised May estimate of $318.5 billion. Educational construction was at a seasonally adjusted annual rate of $91.0 billion, 0.4 percent (±3.7%)* above the revised May estimate of $90.7 billion. Highway construction was at a seasonally adjusted annual rate of $81.5 billion, 0.2 percent (±7.0%)* above the revised May estimate of $81.3 billion.